12:24 IN Problem 1184 Liquidation of a partnership los eXcel CHECK FIGURES: Cash to Lut: $79.938, . Cash to Luk 568.625. C Cash to Lue $52,375, d. Cash to Lut $46.000 Lui, Montano, and Johnson plan to liquidate their Premium Pool and Spa business. They have always shared profit and Bosses in a 145 rating and ce the day of the liquidation their balance sheet appeared as follows: Premium Poland Spa Balance Sheet June , 2020 568.750 Machinery SS8790 Less: Accumulated depreciation 451,390 Total assets 5520,000 Liabilities Accounts payable $110.375 Equity Jim Lul $350 Kent Monta, capital 2007 Dave Johnson, capital Total equity 389,625 Total liabilities and equity $520,000 Page 792 Required Part 1 Under the assumption that the machinery is sold and the case is distributed to the proper parties on June 30, 2020, complete the schedule provided below Machinery Ken 12:24 : $ 68.750 Machinery Less Accumulated depreciation 7500 451.250 Total assets $520,000 Accounts payable $130,375 Equity Sim Lui S250 Kent Montave, capital 300.375 Dave Johnson capital Total equity 389,625 Total liabilities and equity $520,000 Page 792 Required Part 1 Under the assumption that the machinery is sold and the cask is stributed to the proper parties on June 30, 2030, complete the schedule provided below. Machinery hen Cash Capital Account balances June 30, 2020 Show the sale, the pain or less allocation. And the distribution of the cash in each of the following unrelated cases a. The machinery is sold for $488.130 b. The machinery is sold for $375,000 c. The machinery is sold for $212.500, and any purthers with reges can und dopyin the amount of their deficits d. The machinery is sold for $187.500, and the partnersther than those invested in the business Part 2